It is incredible that "basic math" seems to escape the minds of those which are involved in creating government policies....
What if I asked you to replace over $30 Trillion with an $800 Billion program ?
This is a lot like buying a rich option premium....hoping for the best....
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Furthermore....just who in their right minds would again trust the rating agencies and the securitization industry ? This segment accounted for a large percentage of total debt....The "Community Banks" win the game "hands down".....Without the securitization segment....it is impossible for "solvency" to be attained in the large US banks....
The "loss" ....is going to be paid by those "who do not owe"....
There is nobody else....
Who says "life is fair" ?
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The day that the US aborts the two party by advertising lobbyist system....for one that actually works well with good economics....will be the day that the US will truly advance....
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The bottom line is that the US will nationalize the banks....
But will not label it nationalization....It will have a different name
such as " The US Bank of the Future Program" ....